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Are You An ENTREPRENEUR?

July 11th, 2013 | Posted in Business by

images (6)Dictionary.com says an entrepreneur is person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

Howard Stevenson, a Harvard Business School professor defines entrepreneurship as the pursuit of opportunity without regard to resources currently controlled. http://blogs.hbr.org/hbsfaculty/2013/01/what-is-entrepreneurship.html

I love Professor Stevenson’s definition! It’s inclusive and inspirational. I’ve always believed that entrepreneurship is a mindset and that anyone can learn to think or act like an entrepreneur.

Think about this definition for a minute. Even if you do not consider yourself an entrepreneur might you, if given the right scenario, be willing to pursue an opportunity that’s beyond your current resources. Think about it. What if one of your loved ones was sick and you needed to raise big money right away? Could you do it? Would you step out of your comfort zone? What if you saw a HUGE opportunity at work that required more resources than you had, would you pursue it? Would you take the risks needed to ensure that it happened?

I believe if we WANT something bad enough and/or our reason is BIG enough – we will pursue the opportunity no matter what our current situation is. Most of the time it comes down to the reason – the WHY.

In working with entrepreneurs I hear lots of good ideas, I read solid business plans and I witness lots of entrepreneurial energy. Yet I often find that after the plan is written and the website is up – people stop. They stop pursuing their BIG idea. Why?

One of the reasons is that their WHY isn’t big enough. If I know that I can stay at my 9-5 and get a paycheck, what would motivate me to go out on my own? If my employer pays me whether or not I get that BIG new contract, is it worth it to work hard towards something beyond my current capabilities? And if I’m comfortable at the level I’m currently at in life, why would I pursue more? Why would I go BIG?

It’s all in the WHY. If my WHY is big enough I’ll naturally pursue the opportunity. I will instinctively be an entrepreneur.

Is your why big enough? If not, what will you do to make it BIGGER?

 

 

 

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